The narrowband IoT (NB-IoT) chipset market is expected to grow from USD 16.7 Million in 2017 to USD 181.02 Million by 2022, at a CAGR of 61.06% during the forecast period. The base year considered for the study is 2015, and the market size forecast has been given for the period between 2017 and 2022.

Objective of the Study:

To define, describe, and forecast the global NB-IoT chipset market on the basis of offering, devices, deployment type, end-use application, and geography

To forecast the market size, in terms of value, for various segments with respect to four main regions, namely, Americas, Europe, Asia-Pacific, and RoW

To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

To strategically analyze micro markets with respect to individual growth trends, future prospects, and contribution to the total market

To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the NB-IoT market and detail the competitive landscape for market players

To map the competitive intelligence based on the company profiles, strategies of key players, and game-changing developments such as product developments, collaborations, and acquisitions

Research Methodology:

The research methodology used to estimate and forecast the NB-IoT chipset market begins with capturing data on key vendor revenues through secondary research such as Hoovers, Bloomberg Business, Factiva, and OneSource. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global NB-IoT chipset market from the revenue of the key market players. After arriving at the overall market size, the total market was split into several segments and sub-segments which were then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary respondents is depicted in the figure below:

Figure 1 Narrowband IoT MarketFigure 2 Narrowband-IoT Market: Research DesignFigure 3 The Number of Connected Devices Expected to Grow Up to 50 Billion Units in 2020Figure 4 The IoT Market is Expected to Reach USD 1.423 Trillion By 2020Figure 5 Research FlowFigure 6 Market Size Estimation Methodology: Bottom-Up ApproachFigure 7 Market Size Estimation Methodology: Top-Down ApproachFigure 8 Data TriangulationFigure 9 NB-IoT Chipset Market, By Offering, 20172022Figure 10 NB-IoT Chipset Market, By Device, 2017 vs 2022Figure 11 NB-IoT Chipset Market, By End-Use Application, 2022Figure 12 NB-IoT Chipset Market, By Region, 2017Figure 13 NB-IoT Chipset Market Expected to Grow at A High Rate Between 2017 and 2022Figure 14 Software Expected to Dominate the NB-IoT Chipset Market Between 2017 and 2022Figure 15 Trackers Expected to Hold the Largest Share of the NB-IoT Chipset Market By 2022Figure 16 Infrastructure Expected to Hold the Largest Share of the NB-IoT Chipset Market in 2022Figure 17 The U.S. Expected to Hold the Largest Share of the NB-IoT Chipset Market Between 2017 and 2022Figure 18 Evolution of Narrowband-IoT StandardisationFigure 19 Growth in Demand for Low Power and Low-Cost Connectivity Technology are the Major Driving Factor for Narrowband IoT MarketFigure 20 Wireless Module Price : the Huawei ProspectiveFigure 21 Smart City EcosystemFigure 22 Narrowband IoT Market EcosystemFigure 23 NB-IoT Chipsetsegmentation, By OfferingFigure 24 NB-IoT Chipset Market for Services Expected to Grow at the Highest Rate Between 2017 and 2022Figure 25 Solution Segment Expected to Dominate the NB-IoT Chipsetsoftware Market Between 2017 and 2022Figure 26 Deployment & Integration Segment Expected to Dominate the NB-IoT Chipsetservice Market Between 2017 and 2022Figure 27 NB-IoT Chipsetsegmentation, By Deployment TypeFigure 28 NB-IoT Chipset Market By Standalone Deployment Expected to Grow at the Highest Rate Between 2017 and 2022Figure 29 Infrasatructure Application Expected to Dominate the Guard Band NB-IoT Chipset Market Between 2017 and 2022Figure 30 Manufacturing Expected to Grow at the Highest Rate for In-Band NB-IoT Chipset Market Between 2017 and 2022Figure 31 NB-IoT Chipset Market Segmentation, By DeviceFigure 32 Alarm & Detectors to Hold the Largest Market Share Between 2017 and 2022Figure 33 Asia-Pacific NB-IoT Chipset Market is Expected to Witness the Highest Growth for the Trackers Between 2017 and 2022Figure 34 NB-IoT Chipset Market Segmentation, By End-Use ApplicationFigure 35 Market for the Automotive & Transportation Application is Expected to Grow at the Highest Rate Between 2017 and 2022Figure 36 Asia-Pacific Expected to Witness the Highest Growth Rate for the Automotive & Transportation Application Between 2017 and 2022Figure 37 North America Expected to Have the Largest Share for NB-IoT Chipsetin Healthcare Application Between 2017 and 2022Figure 38 Guard Band NB-IoT Chipsetexpected to Hold Largest Share for Safety & Security Application Between 2017 and 2022Figure 39 Asia-Pacific to Witness the Highest Growth in the Building Automation Market Between 2017 and 2022Figure 40 NB-IoT Chipset Market Segmentation, By RegionFigure 41 NB-IoT Chipset Market in China Expected to Grow at the Highest Rate Between 2017 and 2022Figure 42 Snapshot of the NB-IoT Chipset Market in North AmericaFigure 43 Infrastructure to Hold the Largest Share of the North American NB-IoT ChipsetmareKT During the Forecast PeriodFigure 44 Snapshot of NB-IoT Chipset Market in EuropeFigure 45 The Trackers Expected to Hold the Largest Share of the NB-IoT Chipsetdevice Market in Europe Between 2017 & 2022Figure 46 Snapshot of NB-IoT Chipset Market in Asia-PacificFigure 47 Manufacturing Application Expected to Witness the Highest Growth Rate in the NB-IoT Chipset Market in Asia-Pacific During the Forecast PeriodFigure 48 South America Expected to Witness the Highest Growth Rate During the Forecast PeriodFigure 49 Companies Adopted Partnerships as the Key Growth Strategy Between 2015 and 2016Figure 50 Battle for Market Share: Partnerships, Collaborations Agreements, Contracts and Joint Ventures Was the Key Strategy Adopted By the Companies Between 2015 and 2016Figure 51 Geographic Revenue Mix of the Top 5 Market PlayersFigure 52 Huawei Technologies Co. Ltd.: Business OverviewFigure 53 Huawei Technologies (China): SWOT AnalysisFigure 54 Ericsson: Company SnapshotFigure 55 Ericsson: SWOT AnalysisFigure 56 Vodafone Group PLC: Company SnapshotFigure 57 Vodafone Group PLC: SWOT AnalysisFigure 58 Qualcomm Incorporated: Business OverviewFigure 59 Qualcomm Incorporated: SWOT AnalysisFigure 60 Intel Corporation: Company SnapshotFigure 61 Intel Corporation: SWOT AnalysisFigure 62 Samsung Electronics: Business OverviewFigure 63 Verizon Communications: Company SnapshotFigure 64 Nokia Corporation: Company SnapshotFigure 65 U-Blox Holding AG: Company SnapshotFigure 66 Sequans Communications S.A.: Company Snapshot

According to the Markets and Markets forecast, narrowband IoT (NB-IoT) chipset market is expected to grow from USD 16.7 Million in 2017 to USD 181.02 Million by 2022, at a CAGR of 61.06% between 2017 and 2022. The increasing adoption of IoT and growth in network-enabled devices, and demand for long-range connectivity is driving the market. The existing LPWA technologies are fragmented, non-standardized, and require a high operational cost. The narrowband IoT (NB-IoT) technology is expected to overcome these shortcomings as it is highly reliable, consumes less power, and has low operational cost.

This report segments the NB-IoT chipset market based on offering, device, deployment type, end-use application, and geography. The market has been segmented on the basis of offerings into hardware, software, cellular network, and services. The market for software is expected to hold the largest market in 2017. The increasing adoption of machine-to-machine connectivity is expected to increase the need for managing the devices from remote locations which is the major driver for the growth of software solutions in the NB-IoT chipset market.

In terms of deployment type, guard band deployment technique is expected to hold the largest share in 2017. The market for standalone is expected to grow at the highest rate between 2017 and 2022. The standalone deployment technique for NB-IoT is considered to good option for LTE networks running in parallel with GSM as it allows steering some GSM/GPRS traffic to the LTE network, resulting in one or more of the GSM carriers to be used to carry IoT traffic. This approach also accelerates time to market, and maximizes the benefits of a global-scale infrastructure once NB-IoT has been successfully tested.

On the basis of device, the alarm & detectors devices expected to hold the largest market share in 2017. However, the market for trackers is expected to grow at the highest growth rate during the forecast period. Due to increasing fraudulent activities such as theft, missing shipments, and so on, the companies are using tracking device to get real-time location of their vehicles and shipments.

On the basis of end-use application, the infrastructure application is expected to hold the largest market share in 2017. The usage of safety alarms and detectors is increasing across several end-user industries. Sensors have been effectively deployed in many applications for monitoring purposes. The market for automotive & transportation application is expected to grow at the highest rate during the forecast period due to increase in infotainment and telematics applications.

North America accounted for the largest share of the NB-IoT chipset market. The U.S. is major contributor to the growth of NB-IoT chipset market in North America. Investment from U.S. government towards implementation of IoT across various sectors such as infrastructure and utilities under programs such as Smart America is driving the North America market for NB-IoT chipset. Deployment of smart city and smart infrastructure in countries such as China, Japan and India contributes to the highest growth of the Asia-Pacific region during the forecasted period.

Low-speed data transmission rate and privacy & security concern are expected to limit the growth of this market.

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